The decay is brutal. When FAS was at 8.65 about 3 weeks
ago C was at 4+ and BAC was over 11.4. I believe GS was at 131. This is 30% lower than that point. Ouch. I am going to have to do some serious trades to get my 3k back from 7.88. Looks like I may have to double down under 6. Waiting for 7.88 is going to be a tough one. They are going to run this market for another week or two. I didn't think this would break 7 today. Not even close. Faz dropped fast and there was no capitulation. If there was we would have bounced off of 6.29 to around 7 or more. Looks like more pain to come.